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Australian (ASX) Professional Services Industry Analysis

UpdatedDec 07, 2025
DataAggregated Company Financials
Companies23
  • 7D-1.9%
  • 3M-0.4%
  • 1Y14.3%
  • YTD13.1%

Over the last 7 days, the Professional Services industry has dropped 1.9%, driven by a pullback from Computershare of 2.7%. Over the past 12 months, the industry was up 14%. Earnings are forecast to grow by 11% annually.

Industry Valuation and Performance

Has the Australian Professional Services Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 07 Dec 2025AU$36.7bAU$11.9bAU$1.4b19.7x26x3.1x
Tue, 04 Nov 2025AU$37.5bAU$11.8bAU$1.4b20x26.7x3.2x
Thu, 02 Oct 2025AU$36.5bAU$11.7bAU$1.4b19.9x26.1x3.1x
Sat, 30 Aug 2025AU$37.2bAU$11.8bAU$1.4b19.4x26.3x3.2x
Mon, 28 Jul 2025AU$37.7bAU$11.6bAU$1.3b17.6x28.4x3.2x
Wed, 25 Jun 2025AU$36.4bAU$11.7bAU$1.3b14.9x27.2x3.1x
Fri, 23 May 2025AU$37.1bAU$11.4bAU$1.1b16.7x33.8x3.2x
Sun, 20 Apr 2025AU$34.4bAU$11.5bAU$1.1b15.6x31.2x3x
Tue, 18 Mar 2025AU$34.9bAU$11.5bAU$1.1b15.9x31.6x3x
Thu, 13 Feb 2025AU$37.6bAU$11.5bAU$1.1b19.7x34.4x3.3x
Sat, 11 Jan 2025AU$32.4bAU$11.4bAU$1.0b19x32x2.8x
Mon, 09 Dec 2024AU$32.0bAU$11.2bAU$986.5m21.3x32.5x2.9x
Wed, 06 Nov 2024AU$27.6bAU$10.8bAU$966.0m20.8x28.6x2.6x
Fri, 04 Oct 2024AU$27.0bAU$10.7bAU$941.8m20.5x28.7x2.5x
Sun, 01 Sep 2024AU$31.1bAU$13.0bAU$729.8m21.1x42.6x2.4x
Tue, 30 Jul 2024AU$30.8bAU$13.5bAU$1.0b19.8x30.5x2.3x
Thu, 27 Jun 2024AU$29.0bAU$13.4bAU$1.0b20x29x2.2x
Sat, 25 May 2024AU$28.6bAU$13.4bAU$1.0b19.5x28.5x2.1x
Mon, 22 Apr 2024AU$30.4bAU$14.5bAU$1.5b20.4x21x2.1x
Wed, 20 Mar 2024AU$29.1bAU$14.4bAU$1.4b19.2x20.2x2x
Fri, 16 Feb 2024AU$28.5bAU$14.0bAU$1.3b20.2x22.5x2x
Sun, 14 Jan 2024AU$28.2bAU$13.7bAU$1.2b19.5x23.5x2.1x
Tue, 12 Dec 2023AU$27.3bAU$13.8bAU$1.2b19.1x22.4x2x
Thu, 09 Nov 2023AU$27.8bAU$13.8bAU$1.2b19.1x22.3x2x
Sat, 07 Oct 2023AU$28.3bAU$13.8bAU$1.2b17.8x22.7x2x
Mon, 04 Sep 2023AU$28.6bAU$13.3bAU$1.0b19.3x27.8x2.1x
Wed, 02 Aug 2023AU$29.2bAU$12.9bAU$669.8m19.3x43.7x2.3x
Fri, 30 Jun 2023AU$27.7bAU$12.9bAU$666.9m17x41.6x2.2x
Sun, 28 May 2023AU$27.4bAU$12.9bAU$664.0m16.4x41.3x2.1x
Tue, 25 Apr 2023AU$28.2bAU$12.8bAU$652.4m16.2x43.3x2.2x
Thu, 23 Mar 2023AU$25.8bAU$12.8bAU$652.2m17.1x39.6x2x
Sat, 18 Feb 2023AU$13.2bAU$6.3bAU$492.7m19.5x26.9x2.1x
Mon, 16 Jan 2023AU$13.3bAU$6.7bAU$489.9m19.6x27.1x2x
Wed, 14 Dec 2022AU$13.1bAU$6.7bAU$489.8m19.6x26.8x2x
Price to Earnings Ratio

26.8x


Total Market Cap: AU$13.1bTotal Earnings: AU$489.8mTotal Revenue: AU$6.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Professional Services Industry Price to Earnings3Y Average 29.7x202320242025
Current Industry PE
  • Investors are pessimistic on the Australian Professional Services industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 26.0x which is lower than its 3-year average PE of 29.7x.
  • The 3-year average PS ratio of 2.5x is lower than the industry's current PS ratio of 3.1x.
Past Earnings Growth
  • The earnings for companies in the Professional Services industry have grown 42% per year over the last three years.
  • Revenues for these companies have grown 21% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Australian Industrials industry?

AU Market0.059%
Industrials-1.64%
Professional Services-1.86%
HR Services2.19%
Research and Consulting Services-1.34%
Industry PE
  • Investors are most optimistic about the Research and Consulting Services industry even though it's trading below its 3-year average PE ratio of 79.5x.
    • Analysts are expecting annual earnings growth of 18.9%, which is lower than the prior year's growth of 129.9% per year.
  • Investors are most pessimistic about the HR Services industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 13.8x.
Forecasted Growth
  • Analysts are most optimistic on the Research and Consulting Services industry, expecting annual earnings growth of 19% over the next 5 years.
  • However this is lower than its past earnings growth rate of 130% per year.
  • In contrast, the HR Services industry is expected to see its earnings grow by 5.7% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
MMS McMillan ShakespeareAU$17.263.5%
+AU$40.4m		14.5%PE12.5x
SIQ SmartgroupAU$9.032.7%
+AU$31.1m		10.5%PE14.8x
EAX Energy ActionAU$0.5616.7%
+AU$3.2m		75.0%PE11.1x
VRS VerisAU$0.0734.3%
+AU$1.6m		58.7%PE19.7x
ASH Ashley Services GroupAU$0.214.9%
+AU$1.4m		24.6%PE14.3x

Latest News

EAX
AU$0.56
Energy Action
7D
16.7%
1Y
75.0%

Energy Action Limited's (ASX:EAX) Shares Lagging The Market But So Is The Business

Dec 05
Energy Action Limited's (ASX:EAX) Shares Lagging The Market But So Is The Business
C79
AU$7.46
Chrysos
7D
-7.9%
1Y
62.2%
ALQ
AU$22.15
ALS
7D
-0.8%
1Y
40.6%

ALQ: Future Margins And Dividend Increase Will Shape Balanced Outlook

Analysts have raised their price target for ALS from $20.51 to $22.47, citing updated forecasts of improved profit margins and a lower discount rate. What's in the News ALS Limited revised its earnings guidance for fiscal year 2026, now projecting 6% to 8% organic revenue growth, an increase from the previous forecast of 5% to 7%, and continued margin improvement (Key Developments).
PPE
AU$0.88
Peoplein
7D
-3.3%
1Y
-7.4%

PPE: Lower Discount Rate And Buyback Plan Will Drive Value Through 2026

Analysts have raised their price target for Peoplein from $1.16 to $1.21, reflecting updated expectations on future earnings and market factors. Valuation Changes Fair Value has increased modestly from A$1.16 to A$1.21.
ASH
AU$0.21
Ashley Services Group
7D
4.9%
1Y
24.6%
IPH
AU$3.47
IPH
7D
-1.4%
1Y
-30.9%

IPH: Forward Margin Improvement Will Drive Upside Despite Leadership Transition

Analysts have revised their price target for IPH, lowering the fair value estimate from $5.86 to $5.46. This reflects expectations of slower revenue growth and a higher discount rate, while noting a modest improvement in profit margins and a decrease in the forward P/E ratio.
CPU
AU$34.92
Computershare
7D
-2.7%
1Y
5.8%

CPU: Outlook Will Weigh Management Guidance Progress Against Ongoing Currency Headwinds

Analysts have marginally lowered their fair value estimate for Computershare to A$38.25 from A$38.28, citing mixed signals in revenue growth and profit margin. They remain encouraged by recent management updates and upgraded outlooks.
AQN
AU$0.40
Aquirian
7D
-6.4%
1Y
136.8%
MMS
AU$17.26
McMillan Shakespeare
7D
3.5%
1Y
14.5%

If EPS Growth Is Important To You, McMillan Shakespeare (ASX:MMS) Presents An Opportunity

Nov 03
If EPS Growth Is Important To You, McMillan Shakespeare (ASX:MMS) Presents An Opportunity
FLN
AU$0.23
Freelancer
7D
-6.3%
1Y
40.6%
AFL
AU$0.17
AF Legal Group
7D
9.4%
1Y
20.7%
KPG
AU$8.55
Kelly Partners Group Holdings
7D
-1.6%
1Y
-11.4%
VRS
AU$0.073
Veris
7D
4.3%
1Y
58.7%

Not Many Are Piling Into Veris Limited (ASX:VRS) Just Yet

Oct 09
Not Many Are Piling Into Veris Limited (ASX:VRS) Just Yet
SIQ
AU$9.03
Smartgroup
7D
2.7%
1Y
10.5%

The Smartgroup Corporation Ltd (ASX:SIQ) Half-Year Results Are Out And Analysts Have Published New Forecasts

Aug 30
The Smartgroup Corporation Ltd (ASX:SIQ) Half-Year Results Are Out And Analysts Have Published New Forecasts